Search found 77 matches

by -ryan-
Fri Nov 22, 2019 8:33 am
Forum: Investing - Theory, News & General
Topic: Schwab acquiring TD Ameritrade
Replies: 79
Views: 5882

Re: Schwab acquiring TD Ameritrade

Investment management is client focused, like an RIA. Asset management is managing a pool of dollars to a prospectus aka ‘running money’. Did she mean ‘investment management’? TD does not do much asset management afaik. Maria Bartiromo of Fox Business just broke the news that Schwab will acquire TD...
by -ryan-
Fri Nov 22, 2019 7:36 am
Forum: Personal Consumer Issues
Topic: Water heater - am I getting ripped off
Replies: 57
Views: 3749

Re: Water heater - am I getting ripped off

I've been quoted $1,500 for an install of a powervent water heater with multiple plumbers. While a permit is required by the city, none of the plumbers wanted to pull a permit, even the large companies. Apparently it's not enforced. If I did want a permit, I would be charged more on top of the $1,5...
by -ryan-
Thu Nov 21, 2019 11:51 am
Forum: Personal Investments
Topic: Colllege Son with $30k Savings - Tiered Approach?
Replies: 10
Views: 808

Re: Colllege Son with $30k Savings - Tiered Approach?

I was in a similar situation when I was in college (about a decade ago). I just kept it in a savings account and didn't overthink it. When I graduated I bought a house and had plenty of money for a good down payment, which was great because otherwise they weren't going to give me a mortgage with suc...
by -ryan-
Thu Nov 21, 2019 8:13 am
Forum: Personal Consumer Issues
Topic: Water heater - am I getting ripped off
Replies: 57
Views: 3749

Re: Water heater - am I getting ripped off

For what it's worth, we also had a situation with a vent that was no longer up to code, and was going to be cost prohibitive to bring up to code. It ended up being so substantially cheaper to convert to an electric water heater that we couldn't possibly justify any potential energy savings of sticki...
by -ryan-
Thu Nov 21, 2019 8:02 am
Forum: Investing - Theory, News & General
Topic: Schwab acquiring TD Ameritrade
Replies: 79
Views: 5882

Re: Schwab acquiring TD Ameritrade

Did she mean ‘investment management’? TD does not do much asset management afaik. Maria Bartiromo of Fox Business just broke the news that Schwab will acquire TD Ameritrade for $26 billion. Her panel all remarked that the brokerage industry is no longer about selling securities, it is about asset m...
by -ryan-
Tue Nov 19, 2019 10:16 am
Forum: Personal Investments
Topic: Confused about Rolled over IRA vs Traditional IRA
Replies: 18
Views: 1161

Re: Confused about Rolled over IRA vs Traditional IRA

For clarity, a Rollover IRA is a traditional IRA, carrying a “note”, if you will, labelling the source of the funds. There is no difference in any treatment as it concerns the IRA. The “note” can make a difference if at some point in the future you want to roll those funds back into a future 401K. ...
by -ryan-
Wed Oct 23, 2019 1:56 pm
Forum: Personal Consumer Issues
Topic: Negative Google reviews that are fraudulent
Replies: 6
Views: 565

Re: Negative Google reviews that are fraudulent

A friend recently went through this and had to spend some time on the phone with google and convince them that the review was fraudulent, and not from an actual customer but rather someone trying to slander his company. Google removed the negative review for him. Not saying that is what will happen ...
by -ryan-
Thu Oct 10, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Ally Savings Rate drops to 1.8%
Replies: 43
Views: 6354

Re: Ally Savings Rate drops to 1.8%

When I first moved my savings to Ally it was to earn 1.00% when that was an extremely competitive rate. As others have posted, this isn't just an Ally thing. I was considering American Express as a new home for my savings a couple months ago at 2.1%, but they reduced to 1.9% shortly after and I am s...
by -ryan-
Fri Oct 04, 2019 4:30 pm
Forum: Personal Consumer Issues
Topic: Camper Trailers
Replies: 17
Views: 2264

Re: Camper Trailers

Alright, who here has owned a camper trailer that they've pulled behind a primary vehicle? I am looking at a 14-20 ft trailer to pull behind a Toyota Tundra 5.7L. The max tow capacity is 10,800 lbs, and the trailers I am looking at have a max gross weight of 7,000 lbs. I am looking toward the low e...
by -ryan-
Tue Sep 03, 2019 3:56 pm
Forum: Personal Consumer Issues
Topic: Rust on Top of Gas Water Heater
Replies: 5
Views: 504

Re: Rust on Top of Gas Water Heater

Rust on top of a gas water heater with a traditional (aka not power vented) exhaust flue is usually a good first clue that backdrafting is occurring. That would be the first thing I would check. There are other possible causes, but backdrafting is a safety hazard and warrants investigating first.
by -ryan-
Sat Aug 31, 2019 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3317

Re: Minimum to keep in checking account?

The last day of the month I look at the credit card bills and quickly tally up how much (roughly) will come out of the account the next month for all bills. Then I make sure there is enough in the checking account to cover it. Almost every month this means moving excess funds from checking to saving...
by -ryan-
Mon Aug 19, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: RV purchase ?
Replies: 86
Views: 6241

Re: RV purchase ?

If you don't like dealing with not having the creature comforts while camping you probably wont like dealing with the water/waste tanks required to have those creature comforts while camping. People seem to think that will be the case, but it's a 5-10 minute procedure at the end of the weekend, and...
by -ryan-
Thu Aug 15, 2019 10:55 am
Forum: Personal Consumer Issues
Topic: Dishwasher Fiasco
Replies: 52
Views: 3438

Re: Dishwasher Fiasco

If YOU screw it up, and it causes a fire, your homeowners insurance will NOT pay. Do you have a source for this comment? I have often read people posting this online without a source. If I screw up by falling asleep with a cigarette, or if I screw up by not cleaning my kitchen vent and a fire resul...
by -ryan-
Thu Aug 15, 2019 8:12 am
Forum: Investing - Theory, News & General
Topic: Why is market timing bad in this case?
Replies: 52
Views: 3473

Re: Why is market timing bad in this case?

I would say there are two reasons why market timing is bad 'in this case' (and others): 1) There is low probability you will actually be successful, and 2) If you are successful this go around, you are extremely likely to attempt a similar maneuver in the future. This is the behavior that eventually...
by -ryan-
Wed Aug 14, 2019 7:44 am
Forum: Personal Investments
Topic: Vanguard asks for employer/income during account transition
Replies: 26
Views: 2698

Re: Vanguard asks for employer/income during account transition

This is one of the biggest reasons Vanguard and other firms ask these questions. Its to help identify money laundering and other similar crimes. If you report your annual income and liquid net worth as less than $20,000 and that the source of the fund is your salary then start throwing tons of mone...
by -ryan-
Thu Aug 08, 2019 3:19 pm
Forum: Personal Investments
Topic: My NEW Portfolio + The State of the Market (DOWN)
Replies: 56
Views: 3524

Re: My NEW Portfolio + The State of the Market (DOWN)

OP has received some great advice. In addition, what has helped me put things in perspective is focusing on the number of shares I own, rather than their daily value in the market. Remember, what you are looking at is not money in the bank. You are looking at the value of a highly liquid asset you o...
by -ryan-
Thu Aug 08, 2019 1:51 pm
Forum: Personal Investments
Topic: Vanguard asks for employer/income during account transition
Replies: 26
Views: 2698

Re: Vanguard asks for employer/income during account transition

KYC or "Know your Customer/Client" is the process of verifying the client to assess suitability, along with analyze potential risks and or legal activity. I have an online savings account with Ally. Presumably they are KYC compliant, but they have never asked for my employer (I'm pretty sure). I'm ...
by -ryan-
Thu Aug 08, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of starting a financial advisory firm
Replies: 30
Views: 2759

Re: Thinking of starting a financial advisory firm

Obviously a newb to this arena, but is Series 65/RIA required to be a financial advisor? Licensing requirements vary by state, but most require at least a 65. Most people (myself included) opt for the 66 and the 7. Some choose to become a rep for a broker dealer rather than forming their own RIA an...
by -ryan-
Thu Aug 08, 2019 10:04 am
Forum: Personal Investments
Topic: Helping my CSRS parent navigate meeting with Raymond James CFP
Replies: 35
Views: 3403

Re: Helping my CSRS parent navigate meeting with Raymond James CFP

Just as an FYI, it is unlikely that the 'free work' offered is going to be as exciting as most would think. It's not valueless, but typically this is how it goes in most offices: The 'free work' the advisor offered usually takes less than a half hour to accomplish. Typically they don't even do the w...
by -ryan-
Wed Aug 07, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage final payment
Replies: 31
Views: 3836

Re: Mortgage final payment

I haven't paid off my mortgage, but what I have done in the past for other loans (student loans and auto loans) that have similar instructions for payoff was simply to make an additional principal payment online that left a substantially lower balance than the regular monthly payment (like $20, for ...
by -ryan-
Wed Aug 07, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: Books on gaining control of your mind/behavior
Replies: 24
Views: 2264

Re: Books on gaining control of your mind/behavior

I have a lot of the same mental/behavioral blocks. This is outside of your original question, but I have found that isolating myself from social media, news media, and popular media has helped me immensely in clearing my mind of others' opinions and finding my own. I don't live in a cabin in the woo...
by -ryan-
Mon Aug 05, 2019 9:22 pm
Forum: Personal Investments
Topic: Skipping an automatic withdrawal, how late can one cancel?
Replies: 10
Views: 708

Re: Skipping an automatic withdrawal, how late can one cancel?

Thank you for answering a question not asked. Broken Man 1999 If answer posts were strictly limited to the exact question, 80% of this blog site would be gone! Many more people than you read this, and assuredly I feel much value lies in the meta-answer, going beyond the exact question to discuss th...
by -ryan-
Mon Aug 05, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: The Super rich are selling stocks...
Replies: 13
Views: 3602

Re: The Super rich are selling stocks...

I am not super rich, so I can't afford to sell my equity holdings. I think it would very likely be the most costly mistake of my life.
by -ryan-
Sat Aug 03, 2019 6:49 am
Forum: Personal Investments
Topic: Too much cash?
Replies: 5
Views: 1563

Re: Too much cash?

I'll provide a potentially contrarian viewpoint to what you will receive here, since I am about the same age, have far less in cash and investments, and made the move last year to slow down and leave full-time employment to instead rely on my long-term side gig for my living. You have put yourself i...
by -ryan-
Fri Aug 02, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Piano Lessons for young kids
Replies: 29
Views: 1706

Re: Piano Lessons for young kids

I don't think I have ever had a 6 year old student who consistently practices 15-20 minutes every day. I'm not saying they aren't out there, but I'm saying it would be ludicrous for me as a teacher to have that expectation. 5-10 minutes 3 or 4 times a week is more appropriate and more realistic, and...
by -ryan-
Fri Aug 02, 2019 9:21 am
Forum: Personal Investments
Topic: Keeping it simple for the rest of the haul...
Replies: 11
Views: 1497

Re: Keeping it simple for the rest of the haul...

I don't see any problem with your current allocation, provided you have a cash cushion not represented in your taxable account. I have been considering changing my holdings to something more 'set it and forget it', and more broadly diversified. I like having systems in place so that I don't have to ...
by -ryan-
Fri Aug 02, 2019 6:32 am
Forum: Personal Investments
Topic: Stop myself from making bad trades
Replies: 35
Views: 2668

Re: Stop myself from making bad trades

One thing that helped me was simply isolating myself from my investment accounts and the market in general for a while until the urge to trade was out of my system. Start with a month of not logging in to view your investments. Don't look up the market price of any of your stock holdings. If you are...
by -ryan-
Sun Jul 28, 2019 9:09 am
Forum: Personal Investments
Topic: Bootstrapping a company with retirement money
Replies: 85
Views: 4366

Re: Bootstrapping a company with retirement money

First, to answer an earlier question upthread, you generally cannot use retirement money to collateralize a loan because the money is (usually) protected from creditors. The level of protection for IRA's and Roth IRA's varies from state to state, so double check based on your state laws. I investig...
by -ryan-
Sat Jul 27, 2019 6:41 am
Forum: Personal Investments
Topic: Bootstrapping a company with retirement money
Replies: 85
Views: 4366

Re: Bootstrapping a company with retirement money

First, to answer an earlier question upthread, you generally cannot use retirement money to collateralize a loan because the money is (usually) protected from creditors. The level of protection for IRA's and Roth IRA's varies from state to state, so double check based on your state laws. I investiga...
by -ryan-
Sun Jun 30, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Anybody else unable to afford a home/have six figure income?
Replies: 60
Views: 7507

Re: Anybody else unable to afford a home/have six figure income?

I'm 32 and not close to having $100,000 saved. Maybe by 35 I will, but that's assuming my expenses stay extremely low. I don't have debt, not married, I invest in 401k and Roth IRA, and have (depending on the month) close to $1000 leftover at the end of the month to play around with. Perhaps a lot ...
by -ryan-
Thu Jun 13, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: 50 or 75 gallon water heater?
Replies: 67
Views: 4837

Re: 50 or 75 gallon water heater?

We recently switched from a 40 gallon natural gas to a 50 gallon electric (we had an old transite flue pipe past its service life and no easy way to abate and replace it vent through a wall, so electric was a no brained). Since I already had much of what I need to wire the electrical and installed t...
by -ryan-
Sat Jun 08, 2019 6:40 am
Forum: Personal Consumer Issues
Topic: How to pay electrician
Replies: 38
Views: 3669

Re: How to pay electrician

There is probably very good reason for this extra cost, 50A double pole circuit requires wire no. 6 AWG (check the cost per feet at your local home improvement store), he run it from your breaker box to location you requested, and most likely had to run it differently than he originally estimated t...
by -ryan-
Fri May 24, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Finance depreciating asset?
Replies: 22
Views: 1819

Re: Finance depreciating asset?

I agree with others who have said either pay for it in cash or find a less expensive car that excites you. There is a peace of mind in knowing that you own your stuff that I think some people here (including myself) value above and beyond the hard math. Plus, this time of year we like pulling into c...
by -ryan-
Thu May 16, 2019 9:16 pm
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 9367

Re: Amazon....we all have seen this before :)

For my personal retail needs, I've started moving away from Amazon, as have others in my immediate circle of friends and family, for a handful of reasons: 1) Quality of shipping: I have had an unacceptable percentage of products show up damaged. 2) Customer service has not, in my experience, been gr...
by -ryan-
Thu May 16, 2019 8:30 am
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 15140

Re: Help my broker is trying to freak me out

At the end of the day, investing effectively is actually an easy activity. Making the big decisions can be a little more difficult (aka: how much do I need to save/invest, what asset allocation will make me comfortable and allow me to reach my goals, etc. etc.) but I still believe the vast majority ...
by -ryan-
Sat May 11, 2019 5:09 pm
Forum: Personal Investments
Topic: An Advisor Refusing To Sell Investments
Replies: 65
Views: 8315

Re: An Advisor Refusing To Sell Investments

I agree with other posters that this seems like confusion on the part of the client. The ACAT can be done before or after liquidating securities. Many people choose whether to liquidate before an ACAT or after based on which scenario will result in the lowest fees (aka: if the former vs. latter firm...
by -ryan-
Fri May 10, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Home Safe...Looking for advice
Replies: 19
Views: 2627

Re: Home Safe...Looking for advice

Obvious as well, I would install it yourself and let as few people know about it as possible Even if it doesn't contain anything super valuable, people may get the wrong idea Not as common anymore but hiring people to deliver and install the safe is a big no no in my book My safe is about 1000lbs a...
by -ryan-
Fri Apr 26, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning for the ill informed
Replies: 35
Views: 3366

Re: Financial planning for the ill informed

Yes, you could do this. No degree or certification is required to start an RIA. You take a test, file some paperwork, and hang out a shingle. The general public has little recognition of certifications such as CFP (less than a quarter of financial planners are CFPs), so it makes no difference. Last...
by -ryan-
Thu Apr 25, 2019 9:49 am
Forum: Personal Investments
Topic: What to do? Sitting on the bench since October
Replies: 66
Views: 7674

Re: What to do? Sitting on the bench since October

As others have said, this is a tough one (psychologically, not mathematically). It is a great example of how emotional investing has robbed the average investor of their potential returns, but that doesn't help you right now. Perhaps it is a good opportunity to step back and ask yourself some seriou...
by -ryan-
Mon Apr 22, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 6688

Re: Why should stocks beat bonds in the long run?

Disagree. The primary purpose of stock markets is to allow companies to obtain capital to fund their expansion and operations. The resulting secondary trading in stocks between traders is merely a by-product. You are discussing two separate and distinct "markets". You can buy new issues of stock on...
by -ryan-
Sun Apr 21, 2019 5:12 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 6688

Re: Why should stocks beat bonds in the long run?

Disagree. The primary purpose of stock markets is to allow companies to obtain capital to fund their expansion and operations. The resulting secondary trading in stocks between traders is merely a by-product. You are discussing two separate and distinct "markets". You can buy new issues of stock on...
by -ryan-
Sat Apr 20, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 49
Views: 4409

Re: Efficient Markets Indeed

... I believe the markets are mostly efficient . Clearly they are not completely efficien t and can stay inefficient for long periods of time , but taking the wide view companies tend to be fairly valued in the long term . Are you willing to tell us your understanding of the term efficient market ?...
by -ryan-
Sat Apr 20, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Feasibility
Replies: 22
Views: 1347

Re: Home Purchase Feasibility

Also, $300 per month in groceries? With a newborn? Where are you shopping? Off topic, but a lot of us in these parts do it. Family of 4 and our grocery spending is $225-$275/month with 7 and 4(today) year olds. If the child is breastfeeding, their food cost is pretty close to zero. Not to continue ...
by -ryan-
Sat Apr 20, 2019 6:28 am
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 49
Views: 4409

Re: Efficient Markets Indeed

.... Even after a large clerical error distorted the price the market is going to push it back to where it should be. ... More likely a pump and dump. Thinly traded stocks are easy to manipulate. I doubt any sort of legit institution would make this rookie mistake. Don't even think about shorting i...
by -ryan-
Sat Apr 20, 2019 4:38 am
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 49
Views: 4409

Re: Efficient Markets Indeed

Actually I think this will be a great example of how efficient markets tend to work, because the price is already in a precipitous fall back to the company's intrinsic value. Even after a large clerical error distorted the price the market is going to push it back to where it should be. I would gues...
by -ryan-
Fri Apr 19, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Feasibility
Replies: 22
Views: 1347

Re: Home Purchase Feasibility

This all seems like an enormous mistake, especially with a newborn. Wait and save until you are out of consumer debt, then look for something that you can purchase without leveraging someone else's house to do so. No reason you should be responsible for losing two houses rather than just one if you ...
by -ryan-
Fri Apr 19, 2019 9:29 am
Forum: Investing - Theory, News & General
Topic: The Market Cycle of Emotions
Replies: 11
Views: 949

Re: The Market Cycle of Emotions

Yes, and that underperformance is based on the kind of recent behavior we've been seeing around the forums of people wanting to change their AA and IPS based on what the market is doing. Seems like every few new threads is someone discussing the impending doom of the market and making a case for cha...
by -ryan-
Fri Apr 19, 2019 8:40 am
Forum: Investing - Theory, News & General
Topic: Hedging against hyperinflation scenario
Replies: 47
Views: 3518

Re: Hedging against hyperinflation scenario

The problem with trying to hedge against an economic extreme in your home country, is there would likely be capital controls put into place to prevent the flow of funds out of the country during the crisis... which leads to foreign retaliatory measures preventing moving money back in, possible conf...
by -ryan-
Fri Apr 19, 2019 7:57 am
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 98
Views: 10114

Re: Thinking about selling stocks near all time highs

The market reaches all-time highs routinely. In fact, it reaches a new all-time high more years than not. That's why we invest in the stock market, because we anticipate that that trend will continue regardless of all the noise. Your IPS and AA is supposed to protect you from acting on the thoughts ...